Student housing and urban transformation: The CDP Group invests in Venice

Student housing and urban transformation: The CDP Group invests in Venice

Camplus Venezia Santa Marta with 650 beds for Ca'Foscari students opened today. Affordable rates, high quality and great service to the country thanks to CDP Investimenti SGR.

Young people, education, cities. Together these factors make up a complex system that determines a region's ability to evolve and compete. Because of this the CDP Group invests in important projects such as the new building in Santa Marta in Venice, a university residence in the historic centre, a few metres from the university's faculty buildings, with an international level of hospitality. User friendly spaces, common areas, quality services and the use of eco-sustainable materials to save energy: All at highly competitive prices. The CDP Group has brought together financial and professional resources to bridge the gap between fixed fee student housing supply and demand, and has built a real asset for Italy's development.

Santa Marta is the largest student residence in Venice. 365 beds were available at the start of the 2019-2020 academic year for Ca 'Foscari University students, with an additional 285 added in November. The urban regeneration project to renovate a group of historic buildings in an area with great untapped potential was unique for the city and doubled the amount of student accommodation on offer. The 20,000 sqm residence was built by recovering the area owned by the university with the buildings which had been warehouses for the nearby Venetian Cotton Mill in the early 1900s.

The energy class A building is equipped with smart systems for regulating energy consumption and to produce energy from renewable sources. Common areas take up about a third of the floor space, with facilities for teaching and leisure activities such as study rooms and meeting rooms, a laundry, game rooms, a bar and a gym.

The residence will be managed by Camplus, the leading university student accommodation provider in Italy, which manages around 9 thousand beds across 12 Italian cities and also has operations in Spain.

The project costs of around 30 million euros were met by the Erasmo Fund, a real estate fund for the student accommodation sector, 60% held by the FIA Fund (Investment Fund for Housing managed by CDP Investimenti SGR of the Cassa Depositi e Prestiti Group) and 40% by the Aristotele Fund (entirely subscribed by INPS). The project also received a contribution of approximately 4 million euros from the Ministry of Education, Universities and Research.

The Santa Marta project is part of a wider plan with 120 million euros being made available by Cassa Depositi e Prestiti and INPS through the Erasmo Fund, to provide 3,000 beds at discounted rates in the main Italian university cities.